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Bitmine Reports $6.3B Net Loss as Ether Plunges 44% During Fiscal Year
Bitcoin.com News·November 11, 2026·1 min read
Bitmine Immersion Technologies reported a $6.31 billion net loss for fiscal 2026, driven by a $6.23 billion unrealized loss on crypto holdings as ether plunged 44%. The SEC filing shows the company's digital asset treasury suffered heavily, reflecting the sharp decline in cryptocurrency prices during the period.
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